Department of Numbers

Sioux City Iowa Residential Rent and Rental Statistics

The median monthly gross residential rent in Sioux City, IA (the Sioux City metro area) was $695 in 2015 according to the Census ACS survey.1 Average gross rent in Sioux City was $675 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Sioux City median and average rent data will be released in September of 2017.

Data is also available below for Sioux City rental vacancy rates, Sioux City rent as a percent of median income and the fraction of renters in Sioux City.

Show dollars as: Nominal Real

Real Gross Rent in Sioux City Iowa (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Iowa Median Gross Rent $718 +1.41% +8.30%
Sioux City, IA Median Gross Rent $695 +6.60% -2.11%

Sioux City, IA Real Gross Rent Trends

Median gross rent for Sioux City peaked in real terms in 2012 at $710 and is now $15 (2.11%) lower. Average gross rent for Sioux City peaked in real terms in 2012 at $683 and is now $8 (1.17%) lower.

Real Gross Rent in Sioux City: Sioux City IA Median, Sioux City IA Average, Iowa Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Sioux City

Date US
Median
Iowa
Median
Sioux City, IA
Median
Sioux City, IA
Average
2015 $959 $718 $695 $675
2014 $930 $708 $652 $654
2013 $898 $674 $644 $609
2012 $886 $663 $710 $683
2011 $887 $655 $648 $664
2010 $901 $663 $617 $611
2009 $905 $656 $681 $632
2008 $920 $678 $679 $672
2007 $874 $628 $632 $607
2006 $883 $676 $685 $617
2005 $858 $659 $668 $642

Sioux City Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Sioux City Iowa was 5.09% according to Census ACS data.

Rental Vacancy Rate in Sioux City Iowa

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Iowa 6.41% +0.94% -0.36%
Sioux City, IA 5.09% +0.55% -0.03%

Trends in Sioux City, IA Rental Vacancy Rate

The rental vacancy rate in Sioux City peaked in 2010 at 7.65%. Since then it has fallen by 2.56% to 5.09%. Data records for this series originated in 2005.

Rental Vacancy Rate: Sioux City IA, Iowa, US

Rental vacancy rate in Iowa

Historical Rental Vacancy Rate data for Sioux City

Date US Iowa Sioux City, IA
2015 5.85% 6.41% 5.09%
2014 6.32% 5.47% 4.54%
2013 6.49% 6.03% 5.04%
2012 6.77% 6.77% 5.12%
2011 7.40% 6.64% 4.70%
2010 8.17% 6.38% 7.65%
2009 8.43% 5.97% 4.28%
2008 7.86% 6.80% 5.38%
2007 7.87% 7.54% 6.84%
2006 7.70% 6.28% 5.04%
2005 7.74% 7.17% 4.15%

Rent as a Fraction of Income

Using median household income data for Sioux City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sioux City, median monthly gross rent as a fraction of median household income was 15.83% in 2015 according to the ACS.

Sioux City Iowa Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Iowa 15.74% -0.14% +0.17%
Sioux City, IA 15.83% +0.10% -3.10%

Trends in Sioux City, IA Rent as a Fraction of Income

The fraction of median Sioux City household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.93%. Since then it has fallen by 3.10% to 15.83%.

Fraction of Income towards Rent: Sioux City IA, Iowa, US

Percent of median household income going towards median monthly gross rent in Sioux City Iowa

Historical Data for Annual Rent as a Fraction of Income in Sioux City Iowa

Date US Iowa Sioux City, IA
2015 20.63% 15.74% 15.83%
2014 20.89% 15.88% 15.73%
2013 20.78% 15.60% 16.48%
2012 20.65% 15.57% 18.93%
2011 20.70% 15.61% 16.44%
2010 20.50% 15.74% 15.97%
2009 20.12% 15.26% 16.75%
2008 19.00% 14.87% 16.49%
2007 18.66% 14.39% 15.19%
2006 18.90% 15.75% 16.57%
2005 18.89% 15.38% 15.86%

Renter Fraction in Sioux City Iowa

You can calculate the renter fraction in Sioux City in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Sioux City as a fraction of total Sioux City households. In 2015 31.45% of households were renters according to Census ACS data.

Sioux City Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Iowa 29.33% +0.20% +1.26%
Sioux City, IA 31.45% +0.21% -0.71%

Trends in the Sioux City, IA Renter Fraction

The Sioux City household renter fraction peaked in in 2009 at 33.91% and is now 2.46% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Sioux City IA, Iowa, US

Fraction of renters in Sioux City

History of Sioux City Renter Fraction

Date US Iowa Sioux City, IA
2015 36.97% 29.33% 31.45%
2014 36.90% 29.13% 31.24%
2013 36.50% 29.19% 28.96%
2012 36.09% 28.07% 32.16%
2011 35.42% 27.65% 33.33%
2010 34.65% 27.64% 32.32%
2009 34.13% 27.92% 33.91%
2008 33.36% 27.11% 31.61%
2007 32.80% 26.31% 30.79%
2006 32.73% 26.70% 28.32%
2005 33.10% 26.90% 30.17%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.